Before the Battles Resume in Washington: A Reminder about What’s Really at Stake

Robert Reich Robert Reich’s Blog http://robertreich.org/post/60086677960 Congress will reconvene shortly. That means more battles over taxes and spending, regulations and safety nets, and how to get the economy out of first gear. Which means more gridlock and continual showdowns over budget resolutions and the debt ceiling. But before the hostilities...

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This Age of Bubbles

The main lesson of this age of bubbles — a lesson that India, Brazil, and others are learning once again — is that when the financial industry is set loose to do its thing, it lurches from crisis to crisis.

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The Tragedy of Greek Austerity Continues…

Terrance Heath Campaign for America’s Future http://ourfuture.org/20130812/the-tragedy-of-greek-austerity-continues After writing about the tragedy of Greek austerity for more than a year, I’ve love to (finally) have some good news to share. But when it comes to austerity, the news is never good. In Greece, the news is bad and getting worse. The latest...

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8 Signs the Rich Have WAY Too Much Money

RJ Eskow AlterNet http://www.alternet.org/economy/8-signs-rich-have-way-too-much-money?paging=off Our country is increasingly being turned into a plaything for the ultra-rich. The statistics about wealth inequality in this country are both astonishing and alarming. But statistics can’t tell the entire story if they’re presented in isolation. Our country is increasingly being turned into a plaything...

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8 Ways Privatization Has Failed America

Paul Buchheit Common Dreams http://www.commondreams.org/view/2013/08/05 Some of America’s leading news analysts are beginning to recognize the fallacy of the “free market.” Said Ted Koppel, “We are privatizing ourselves into one disaster after another.”Fareed Zakaria admitted, “I am a big fan of the free market…But precisely because it is so powerful, in places...

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Detroit, the New Greece

For a while policy discourse was completely “Hellenized” — everyone was Greece, or was about to turn into Greece. And this intellectual wrong turn did huge damage to prospects for economic recovery.

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